CheckAlt Announces New Los Angeles Lockbox Site, Launching with Commercial Bank of California as First Client

Aug 15 2016 |

Written by CheckAlt

August 15, 2016 — CheckAlt expands award winning lockbox capabilities with opening of Los Angeles location, further strengthening its position as a leading provider of payment processing to financial institutions and corporate customers.

CheckAlt, a leading provider of innovative item and payment processing solutions to financial institutions and corporate customers in the United States, announced today the opening of their new lockbox processing site in Los Angeles. CheckAlt is launching with Commercial Bank of California which has successfully onboarded their first commercial client to CheckAlt’s award-winning lockbox processing solution.

CheckAlt’s continued growth and expansion in lockbox processing has enabled corporate clients to improve operational efficiencies and extend market outreach. It has also empowered financial institutions to grow fee-based revenues without capital expenditures. The launch of CheckAlt’s Los Angeles location, strategically located near LAX International Airport, is a result of increasing demand for lockbox services in the West Coast market. CheckAlt now offers 17 lockbox processing sites in 11 states across the US covering California, Nevada, Arizona, Colorado, Texas, Missouri, Georgia, Michigan, Massachusetts, New York and Florida.

“Efficient, integrated item processing creates greater visibility and provides for the proper controls for our customers at Commercial Bank of California,” said Ash Patel, President and CEO at Commercial Bank of California. “It is clear to us the CheckAlt team shares the same level of commitment to delivering an exceptional client experience as we do, and we look forward to providing our customers with a reliable and effective product.”

“CheckAlt is thrilled to launch our new lockbox processing site in Los Angeles, servicing a highly regarded Southern California market” said Shai Stern, CEO at CheckAlt “We are honored to go live with Commercial Bank of California and we congratulate them for onboarding their first commercial client in our new processing site. We know that with this expanded capability, our clients will be able to service existing customers more efficiently, while attracting new high-value clients as well.”

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About CheckAlt CheckAlt offers best of breed Check 21 solutions nationwide. These solutions include consolidated item processing, lockbox processing and white label solutions, such as CheckAlt Remit, LoanPay and Mobile Business Capture. CheckAlt has recently acquired Klik Technologies and now has a total of 300 employees, over 600 clients, 9 offices nationwide. CheckAlt is headquartered in Miami, FL. For more information, visit http://www.checkalt.com.

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About Commercial Bank of California Commercial Bank of California is a full-service bank serving the business and professional communities in Los Angeles and Orange counties. More information on Commercial Bank of California is available at http://www.cbcal.com.